1839 $2.50 AU53 Certification #38613281, PCGS #7698

HM-1, R-4. The 8 and 9 in the date are noticeably re-punched. This coin does not show any clash marks which may indicate that this coin is from the April 1839 production run. As stated by Daryl Haynor in his book "United States Classic Gold Coins of 1834-1839", "The 1839 is by far the rarest Philadelphia Classic Gold quarter eagle, neck and neck with the 1838-C for overall supremacy. Garret and Guth, in their "Encyclopedia Of U.S. Gold Coins 1795-1933" suggest, "The 1839 quarter eagle is the sleeper rarity of the series. Although the mintage of this date is more than three times as high as that of the 1838-C issue, there have been fewer 1839 examples graded than any of other date... the raw numbers are an indication that this date is much rarer than is generally perceived." David Aker's Auction Analysis of Quarter Eagles (1975) also maintains the rarity by stating, "This is certainly one of the most underrated quarter eagles of this type. The auction records clearly indicate that the 1839/8 is nearly as rare as the lower mintage 1838-C or 1839/8-D." His average grade for the date is VF-37.

David Akers (1975/88)

This is certainly one of the most underrated quarter eagles of this type. The auction records clearly indicate that the 1839 is nearly as rare as the lower mintage 1838-C or 1839-D. Stricly uncirculated specimens are extremely rare.